NEWS ROUNDUP — MSV producing at Chibougamau
Toronto-listed MSV Resources has released production figures for the fourth quarter. The Montreal-based company produced 12,700 oz. gold and 3.5 million lb. copper from 126,726 tons of material. The c…
News
Obituary — Janet Springer
A senior scientist with the Ontario Ministry of Northern Development and Mines (MNDM), Janet Springer died recently in an automobile accident near Sudbury. She was 57. A native of England, she spent h…
NEWS ROUNDUP — Cyprus to option Noble’s Southwin play
Cyprus Canada intends to earn a 60% interest in Noble Peak Resources’ (ASE) Southwin gold project in the Northwest Territories. It can do so by spending $3 million on exploration and by paying $150,00…
NEWS ROUNDUP — Northgate invests in convertible note
Toronto-listed Northgate Exploration has bought a US$3.5-million, 8% convertible note of American Resource (NASDAQ). The note is convertible into common shares of American or a 3.5% net smelter return…
Mexican delegation at Calgary forum
A delegation of Mexican mining officials is scheduled to attend Calgary Mining Forum ’94, Feb. 10-11 in Calgary, Alta. The visitors will speak on mineral investment opportunities in Mexico and meet wi…
ODDS’N’SODS — Another quiet giant of mining
A previous article (T.N.M., Nov. 15/93) concerned the late Randy Mills (or “RPM,” as I call him), a fantastic promoter and financier in the period 1950-1976. He was a great man and a quiet giant among…
DIAMOND PAGE — Diavik results give further boost to Lac de
The Diavik project in the Northwest Territories has received some encouraging news. Analysis of kimberlite from the C-13 target returned 15 macrodiamonds and 40 micros from five holes and 269 kg of co…
Metal Prices (February 07, 1994)
London Metal Exchange Spot closing prices in $US per tonne Date Feb. 1 Jan. 31 Jan. 28 Jan. 27 Jan. 26 Copper 1864-1865 1844-1846 1848-1849 1860-1861 1849-1850 Lead 508-509 506-507 506-507 517-518 506…
NEWS ROUNDUP — Agnico gets nod for share acquisition
A plan by Agnico-Eagle Mines (TSE) to acquire 533,333 shares of Sudbury Contact Mines (TSE) has been approved by regulators. In return, Sudbury will receive $2 million pursuant to the flow-through pri…
TSE Short Positions (February 07, 1994)
Semi-monthly reports as of Jan 15, 1994 showed 82.1 million shares of 826 issues compared with 69.1 million shares of 800 issues on Dec 31, 1993. Larger individual positions included: Aber 151,000; Ag…
NEWS ROUNDUP — KRL-SEG venture hits gold on Decker
Vancouver-listed KRL Resources has drilled five holes on the Decker option in the Shining Tree area of northeastern Ontario. The first hole intersected 0.47 oz. gold per ton over 7.5 ft. and 0.047 oz….
LAST BUT NOT LEAST — Armada tests Siberian gold tailings
A wholly owned subsidiary of the former Armada Gold (ASE), Trans Pacific Resources Group, is planning a drill program on a gold tailings project in southeastern Siberia. Trans Pacific controls 49% of …